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Primer on Social Bonds and Recent Developments in Asia

Social bonds are designed to raise proceeds for projects with positive social outcomes. The publication serves as a primer on how social bonds can facilitate more inclusive development and help in Asia’s recovery from COVID-19. It also identifies potential solutions to overcome salient barriers to social bond market development in the region. Contents  Historical and Market Context Urgent Need for a Robust Social Bond Market in Asia Social Bonds Current Market Profile Social Bond Market Participants Asian Social Bond Market Characteristics Overcoming Obstacles to Social Bond Market Growth in Asia The Way Forward COVID-19

Rebooting Economy 56: Why India should follow agricultural development-led industrialisation growth model

Rebooting Economy 56: Why India should follow agricultural development-led industrialisation growth model Most successful, industrialised and fast-growing Asian economies like Japan, South Korea, China, and Vietnam followed this model, as did Indonesia, Malaysia, and Thailand. Why can t India? Prasanna Mohanty | January 6, 2021 | Updated 21:06 IST Agriculture s share of gross capital formation (GCF) fell from 8.5% of the total GCF of economy in FY12 to 6.5% in FY19 The economic reforms that began slowly in 1980s and got turbo-charged in 1991 did bring high growth, but this growth is perhaps unlike what was anticipated. The Lewisian structural transformation - resources shifting from low productive agriculture to high productive manufacturing (industrialisation) that brought prosperity to developed economies in the West (the US and parts of Europe) and the East (Japan, Korea and China s Taipei) - did not occur.

Centre s new farm laws are bold steps that can bring about structural change in Indian agriculture

Centre s new farm laws are bold steps that can bring about structural change in Indian agriculture The present system of agricultural procurement has outlived its utility, is inequitable, and lacks dynamism Manas Chakravarty December 16, 2020 15:53:47 IST Representational image. Reuters The problem with Indian agriculture, put succinctly, is simply this: it is, for most farmers, an unviable business. A National Sample Survey Office (NSSO) report that mapped the income, expenditure and indebtedness of agricultural households in India in 2013 found that farmers with holdings of a hectare or less were able to get only half their total net income from farming and they had to supplement their income by wage labour, animal husbandry and other non-farm work to keep body and soul together. Even then, their total income from all sources, including net receipts from

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